mortgage after a bankruptcy

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Icon Mini Profile amandaflags





Joined: 02 May 2010

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Post Posted: Sun May 02, 2010 2:44 pm    Post subject: mortgage after a bankruptcy
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my husband and i are entering into a land contract. My husband will be the only one on the loan. his credit score is around 650 (median) our only problem is paul had a bankrptcy and it will not be 2 years till 01/11 at that time will he qualify for a mortage?
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005

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Location: ALASKA
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Post Posted: Sun May 02, 2010 8:31 pm    Post subject:
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Welcome amandaflags,

Your husband will not be able to qualify for a mortgage before 2 years have passed since he got discharged from bankruptcy. He will have to wait for the time being and then apply for a loan.

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amanda

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Post Posted: Mon May 03, 2010 10:00 am    Post subject:
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ok it will be 2 years in January - any idea if they will extend the tax credit?
Jasmine

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Post Posted: Tue May 04, 2010 4:04 am    Post subject:
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I haven't heard about anything regarding the extension of the tax credit.
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